Lecap Asset Management Ltd. Invests $965,000 in Toast, Inc. (NYSE:TOST)

Lecap Asset Management Ltd. purchased a new stake in Toast, Inc. (NYSE:TOST - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 52,847 shares of the company's stock, valued at approximately $965,000.

A number of other large investors have also recently modified their holdings of the company. Advisor Group Holdings Inc. lifted its holdings in shares of Toast by 4.3% during the 4th quarter. Advisor Group Holdings Inc. now owns 12,738 shares of the company's stock valued at $229,000 after purchasing an additional 530 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of Toast by 2.6% during the 3rd quarter. Brown Advisory Inc. now owns 26,861 shares of the company's stock valued at $503,000 after purchasing an additional 675 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Toast by 5.1% during the 4th quarter. Raymond James & Associates now owns 14,889 shares of the company's stock valued at $268,000 after purchasing an additional 725 shares during the last quarter. Trinity Financial Advisors LLC lifted its holdings in shares of Toast by 3.7% during the 3rd quarter. Trinity Financial Advisors LLC now owns 21,135 shares of the company's stock valued at $396,000 after purchasing an additional 747 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Toast by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 155,598 shares of the company's stock valued at $2,914,000 after purchasing an additional 790 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Insider Buying and Selling

In related news, General Counsel Brian R. Elworthy sold 224,900 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $18.37, for a total transaction of $4,131,413.00. Following the completion of the transaction, the general counsel now owns 160,340 shares of the company's stock, valued at $2,945,445.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider James Michael Matlock sold 4,151 shares of the firm's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $18.20, for a total value of $75,548.20. Following the transaction, the insider now owns 39,733 shares of the company's stock, valued at approximately $723,140.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Brian R. Elworthy sold 224,900 shares of the firm's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $18.37, for a total transaction of $4,131,413.00. Following the completion of the transaction, the general counsel now directly owns 160,340 shares in the company, valued at approximately $2,945,445.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 364,747 shares of company stock valued at $7,517,515. Insiders own 13.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Mizuho reissued a "neutral" rating and issued a $17.00 target price on shares of Toast in a research report on Wednesday, March 27th. Evercore ISI started coverage on shares of Toast in a research report on Monday, March 4th. They set an "outperform" rating and a $32.00 price objective for the company. Royal Bank of Canada restated a "sector perform" rating and set a $23.00 price objective on shares of Toast in a research report on Thursday. Wells Fargo & Company upped their price objective on shares of Toast from $15.00 to $17.00 and gave the stock an "underweight" rating in a research report on Friday. Finally, UBS Group increased their target price on shares of Toast from $22.00 to $31.00 and gave the company a "buy" rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $23.53.

Toast Stock Down 3.0 %

Shares of TOST traded down $0.74 on Friday, hitting $23.82. 4,909,645 shares of the stock traded hands, compared to its average volume of 5,820,115. The firm has a market capitalization of $10.41 billion, a P/E ratio of -46.71 and a beta of 1.79. The stock's 50 day moving average is $22.73 and its two-hundred day moving average is $18.91. Toast, Inc. has a 1 year low of $13.77 and a 1 year high of $27.00.

Toast (NYSE:TOST - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.04. Toast had a negative net margin of 6.36% and a negative return on equity of 21.77%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business posted ($0.19) earnings per share. Toast's revenue for the quarter was up 34.7% compared to the same quarter last year. Research analysts forecast that Toast, Inc. will post -0.22 EPS for the current year.

Toast Profile

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.